Volcan announces fourth quarter and annual 2014 production results

CORPORATE OFFICE
TICKER SYMBOLS
Av. Manuel Olguín 375, Piso 7
Urb. Los Granados
Santiago de Surco, Lima, Perú
BVL:
VOLCAAC1, VOLCABC1
BCS:
VCMAC1, VCMBC1
LATIBEX: XVOLB.MC
Tel : +51 1 416 7000
Fax: +51 1 416 7494
[email protected]
WWW.VOLCAN.COM.PE
Volcan announces fourth quarter
and annual 2014 production results
Results are preliminary and subject to change based on final results.
Lima, January 29th, 2014 - Volcan Compañía Minera S.A.A. (BVL: VOLCAACI,
VOLCABC1; BCS: VCMAC1, VCMBC1; LATIBEX: XVOLBM) is pleased to announce
the following production results for the fourth quarter and for the full year of 2014:
Volcan Compañia Minera
Preliminary Production Results 4Q14 & 2014 Full Year
Yauli
Chungar
Alpamarca
Cerro
Óxidos
Yauli
Chungar
Alpamarca
Cerro
Óxidos
(000 MT)
994
488
203
230
119
2,033
Production 4Q14
Zn
Pb
Cu
(000 FMT) (000 FMT) (000 FMT)
42.3
5.7
0.6
26.1
5.9
0.3
1.8
1.3
3.0
1.5
73.1
14.4
0.8
Ag
(MM Oz)
2.9
1.4
0.6
0.6
0.6
6.1
Au
(Oz)
486
486
(000 MT)
3,837
1,954
593
771
239
7,395
Production 2014
Zn
Pb
(000 FMT) (000 FMT)
158.2
21.9
103.6
25.2
5.9
4.0
13.0
5.9
280.7
57.0
Ag
(MM Oz)
11.5
5.9
2.2
1.9
1.1
22.5
Au
(Oz)
651
651
Cu
(000 FMT)
2.1
1.2
0.1
3.4
Volcan CEO, Ignacio Rosado, observed that, “The Company is beginning to bear the fruit
of its investments and continuous-improvement initiatives. During 2014 Volcan put a new
mining unit, Alpamarca, into production, and completed the construction of its oxides plant
at Cerro de Pasco, which is finishing operational adjustments and currently producing
above 50% of its nameplate capacity. In 2015, the Company will continue its costreduction and operational-efficiency programs.”
Following is a forecast of production for the year 2015.
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CORPORATE OFFICE
TICKER SYMBOLS
Av. Manuel Olguín 375, Piso 7
Urb. Los Granados
Santiago de Surco, Lima, Perú
BVL:
VOLCAAC1, VOLCABC1
BCS:
VCMAC1, VCMBC1
LATIBEX: XVOLB.MC
Tel : +51 1 416 7000
Fax: +51 1 416 7494
[email protected]
WWW.VOLCAN.COM.PE
Operational Forecast 2015
The Company expects to further increase its production in 2015. Zinc production is
expected to increase by as much as 5%. Lead production is expected to increase by as
much as 8%. Silver production is expected to increase by as much as 9%. A table of the
operational forecast for the Company follows:
Volcan Compañia Minera
Operational Forecast 2015
Production
Treated Mineral
Zn
Pb
Cu
Ag
Au
Unit
2015p
000 MT 7,500 a 7,700
000 FMT 288 a 295
000 FMT
58 a
62
000 FMT
3.0 a 3.5
MM Oz
24.0 a 24.3
000 Oz
3.0 a 4.0
Volcan Compañía Minera S.A.A.
Volcan Compañia Minera is a polymetalic mining Company and one of the largest
producers of zinc, lead and silver in the world. The Company is considered one of the
lowest cost producers in the industry due to the quality of its ore deposits.
Volcan began operations in 1943 at the heights of the Ticlio Pass. All operations are
located in the central mountains of the Peruvian Andes and include the operating units,
Yauli, Chungar, Alpamarca and Cerro de Pasco. These four operating units include a total
of 10 mines, seven concentrator plants and one oxides leaching plant.
The Company is growing organically through expansion of its plants and from exploration
and development of its own portfolio of brownfield and greenfield projects. At the same
time, the Company continuously searches for accretive opportunities in the region.
Page 2 of 3
CORPORATE OFFICE
TICKER SYMBOLS
Av. Manuel Olguín 375, Piso 7
Urb. Los Granados
Santiago de Surco, Lima, Perú
BVL:
VOLCAAC1, VOLCABC1
BCS:
VCMAC1, VCMBC1
LATIBEX: XVOLB.MC
Tel : +51 1 416 7000
Fax: +51 1 416 7494
[email protected]
WWW.VOLCAN.COM.PE
For more information, visit our website at www.volcan.com.pe or contact:
Jorge Murillo
Chief Financial Officer
Tel. +51 1 416 7000
[email protected]
David Gleit
Investor Relations Officer
Tel: +51 1 416 7430
[email protected]
Reference symbols
BVL: VOLCAAC1, VOLCABC1; BCS: VCMAC1, VCMBC1; LATIBEX: XVOLB.MC
This press release may contain forward-looking information that involves risks and uncertainties,
including those concerning costs and expenses; exploration results; the continued improvement and
efficiency of operations; prevailing market prices of zinc, lead, copper, silver, gold and other metals
mined; estimates of future explorations; development and production; plans for capital expenditures;
estimates of reserves; and Peruvian political, economic, social and legal developments. Such forwardlooking statements reflect the Company’s view with respect to the Company’s future operating and
financial performance. Actual results may differ materially from those projected in such forward-looking
statements resulting from a variety of factors that may or may not be discussed herein.
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